8. Concluding remarks
Supply chain activities are among the ones that are most likely to be transformed by blockchain. Among other things, blockchain facilitates valid and effective measurement of outcomes and performance of key supply chain processes. The food industry is most likely to be impacted by blockchain. The example of the 2015 E.coli outbreak at Chipotle Mexican Grill is illustrative of a widespread problem faced by the food supply chain. This example indicates that there is a deep thirst for dependable suppliers in the food industry. In this regard, a key element of blockchain-based model is that all the transactions are auditable, which is particularly important in gaining the trust of all interested parties.
With blockchain, consumers know if the food they are eating is right and authentic. Various measures can be used to increase transparency in fish and seafood supply chains.
Blockchain can also help achieve robust cybersecurity measures. Trust and security can thus be improved with blockchain. At the same time, more resources need to be devoted to addressing concerns such as participation of diverse supply chain members and enrichment of the existing blockchain ecosystem in order to realize the full potential of blockchain.